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TASEKO ANNOUNCES OPERATION AND CONSTRUCTION UPDATE

VANCOUVER, April 19 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE Amex:
TGB) ("Taseko" or the "Company") announces first quarter production, on
a 100% basis, of 19.2 million pounds of copper and 316,000 pounds of
molybdenum for its 75% owned Gibraltar Mine.

Russell Hallbauer, President and CEO of Taseko, stated, "First quarter copper production was hampered by harsh winter conditions
in January and February and by an unscheduled four day maintenance
down.

While severe winter weather also affected construction of the SAG direct
feed system, ore will be delivered to the new system at the end of this
week to begin commissioning. The new feed system will eliminate the
current secondary crusher bottleneck and increase Gibraltar's daily
milling capacity by more than 20% over that achieved in 2010,
especially in winter conditions."

Mr Hallbauer continued, "Engineering and procurement of the Gibraltar Development Plan 3 (GDP3)
investment is well underway. All major mining and milling equipment has
been secured and delivery schedules are set. Construction activity will
commence in May, with commissioning scheduled for December of 2012.

Molybdenum recovery at Gibraltar continues to improve and is now
approaching an average of 40%, up from the 25% achieved in 2010. This
is a strong indication that the new molybdenum plant being built as a
component of GDP3 will add appreciably to total molybdenum metal
production as a result of recovery improvement as well as increased
throughput.

An updated Gibraltar reserve model is scheduled to be completed by the
third week of May. It is anticipated that a significant portion of our
500 million tons of resources can be converted into the reserve
category, considerably increasing total copper and molybdenum metal
production in our long term mine plan.

Once GDP3 is complete in December 2012, Gibraltar will have production
capacity of 180 million pounds of copper and 3 million pounds of
molybdenum annually for the life of the mine."

Russell HallbauerPresident and CEO

No regulatory authority has approved or disapproved of the information
contained in this news release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains "forward-looking statements" that were based on
Taseko's expectations, estimates and projections as of the dates as of
which those statements were made. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology
such as "outlook", "anticipate", "project", "target", "believe",
"estimate", "expect", "intend", "should" and similar expressions.

Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. These included but are not limited to:

uncertainties and costs related to the Company's exploration and
development activities, such as those associated with continuity of
mineralization or determining whether mineral resources or reserves
exist on a property;

uncertainties related to the accuracy of our estimates of mineral
reserves, mineral resources, production rates and timing of production,
future production and future cash and total costs of production and
milling;

uncertainties related to feasibility studies that provide estimates of
expected or anticipated costs, expenditures and economic returns from a
mining project;

uncertainties related to our ability to complete the mill upgrade on
time estimated and at the scheduled cost;

uncertainties related to the ability to obtain necessary licenses
permits for development projects and project delays due to third party
opposition;

changes in, and the effects of, the laws, regulations and government
policies affecting our exploration and development activities and
mining operations, particularly laws, regulations and policies;

changes in general economic conditions, the financial markets and in the
demand and market price for copper, gold and other minerals and
commodities, such as diesel fuel, steel, concrete, electricity and
other forms of energy, mining equipment, and fluctuations in exchange
rates, particularly with respect to the value of the U.S. dollar and
Canadian dollar, and the continued availability of capital and
financing;

the effects of forward selling instruments to protect against
fluctuations in copper prices and exchange rate movements and the risks
of counterparty defaults, and mark to market risk;

the risk of inadequate insurance or inability to obtain insurance to
cover mining risks;

the risk of loss of key employees; the risk of changes in accounting
policies and methods we use to report our financial condition,
including uncertainties associated with critical accounting assumptions
and estimates;

environmental issues and liabilities associated with mining including
processing and stock piling ore; and

labour strikes, work stoppages, or other interruptions to, or
difficulties in, the employment of labour in markets in which we
operate mines, or environmental hazards, industrial accidents or other
events or occurrences, including third party interference that
interrupt the production of minerals in our mines.

For further information on Taseko, investors should review the Company's
annual Form 40-F filing with the United States Securities and Exchange
Commission www.sec.com and home jurisdiction filings that are available at www.sedar.com.